Sylvania Platinum Share Discussion Threads

[masurenguy] 09/6/2023 18:50

adejuk9 - 7912: apols masur, i meant %

Thanks for the clarification adejuk9. Don't know what the final dividend figure will be but if it matches last years final of 8.0p or total of 10.25p, it will still be 9.9%/12.6%, which seems to be a sustainable option.

[adejuk] 09/6/2023 16:57

10% is better than good
my ave is 82 for 40k stock

[kennyp52] 09/6/2023 16:13

I am guessing 5p final = 8p total = 10% .. not too shabby and very sustainable

[kennyp52] 09/6/2023 16:12

RECENT DIVIDENDS
ANNUAL DIVIDEND HISTORY
Recent dividends paid or declared by Sylvania Platinum Ltd:
Type Ex-div date Payment date Amount
1st interim 02/03/2023 06/04/2023 3.00p
Final 27/10/2022 02/12/2022 8.00p
Interim 03/03/2022 08/04/2022 2.25p
Final 28/10/2021 03/12/2021 4.00p
Special 04/03/2021 09/04/2021 3.75p

[adejuk] 09/6/2023 16:07

apols masur
i meant %

[solarno lopez] 09/6/2023 16:05

Thank you Masurenguy

[masurenguy] 09/6/2023 15:38

Don't know the source of the claim that this years dividend would be 13.9p (#7908). Last year the dividend was 8.0p plus a special dividend of 2.25p (10.25p) and the year before it was 4.0p plus a special of 3.75p (7.75p). For the current year an interim of 3.0p was announced in February but I've not seen any projection of 10.9p as a final/special dividend for the current year. Perhaps adejuk could indicate where he got that figure from !

[solarno lopez] 09/6/2023 15:11

If that is correct the yield is 17.16 % anyone care to clarify please

[adejuk] 09/6/2023 15:01

at 13.9 divi this seems like a steal
too good to be true?
it is if dr. bird is correct
iac i just took 5k extra at 81
gla

[doctorbird] 08/6/2023 00:15

Thank you scrwal for the Edison report. It draws attention to two factors weighing on the share price, Rhodium and running costs. Only recently have I realised the importance of the basket price. The success of the 2020 run up trades in SLP were not so much down to me as to the metals prices. It has been more difficult in recent times and the Rhodium price is cratering. As it is likely to be a while before it steadies and even longer before there is improvement, I have been reducing positions. It is likely that Edison has underestimated the potential for the Platinum price but even so I am doubtful about SLP in the short to medium term. I have no complaints on the results of my many trades to date. I should be interested to know the details of the basket calculations. It is all very well SLP maintaining or exceeding production but the metals prices may relatively devalue results. As for valuation of their mining terrain, is SLP serious about going into high-risk mining? It may be better for it to stick to what it is good at. I shall probably be increasingly into Platinum now. Good luck to all.

[johnrxx99] 07/6/2023 07:36

It was the day, yesterday

[justiceforthemany] 06/6/2023 21:23

Bloomberg report the loadshedding has stopped and the situation has improved for now.
Can only help here.

[wsm812] 06/6/2023 11:25

One would hope so Makinbuks, an initial purchase has been made by the athorised company. It bewilders me. I note that there have been some regular 25k purchases today, so maybe today is the day?

[makinbuks] 06/6/2023 11:15

Is the cash in the right place to allow the buybacks? Are they hampered by some mathematical rule? (ie within a % limit of a trailing daily average)

[wsm812] 06/6/2023 10:01

"The company said it had appointed Liberum Capital to execute the buyback programme, with the authority to purchase shares with absolute discretion during any closed period."

[wsm812] 06/6/2023 10:00

@DONSKA Yep

[donska] 06/6/2023 09:56

Are they allowed to buy shares during closed period?

[wsm812] 06/6/2023 09:49

If I was asked to manage a share buy back by SLP I would be buying now at these low prices.

Why, when 116.250 shares were bought on 12/05/23 at the VWAP of 90.4148p, are Liberum Capital not filling their boots with cheap stock now?

"Sylvania said the buyback would be effective from Tuesday (02/05/23), and would expire on the first of either 7 September, or on attaining the maximum consideration of $10m.

At 1131 BST (02/05/23), shares in Sylvania Platinum were up 2.73% at 94p."

[death by donut] 25/5/2023 08:26

I'll take a muted 173.7p.DbD :-)

[scrwal] 24/5/2023 23:11

The latest EDISON report is more muted

[ssmall1] 24/5/2023 22:14

Here is a very good, comprehensive report regarding SLP: hxxps://www.edisongroup.com/research/well-set-for-robust-long-term-pgm-prices/31971/
Reason for optimism!

[justiceforthemany] 24/5/2023 21:12

Supply to businesses and mining companies has been protected vs households.